🚀🎉 Bitcoin lovers, gather 'round! BTC is showing signs of maturity, with dwindling volatility and no extreme price spikes since the fourth halving. 📉📈

In the past week, BTC saw a modest 3% decline, with selling activity outweighing buying across most exchanges. 📊 Between June 10th and 14th, the cumulative net trading volume for major BTC trading pairs hit $518 million, with Binance and Bybit experiencing the highest selling pressure. 🏦💰

Kaiko's latest findings suggest that despite price swings due to macroeconomic news, BTC has achieved a new level of maturity in 2024, marked by diminishing volatility. 📉📈 BTC's 60-day historical volatility has stayed below 50% since 2024 began, a stark contrast to the wild fluctuations of 2023 when volatility exceeded 100%. 🎢📈

In 2024, BTC's volatility hit an all-time high, but this peak was only 40% - far lower than the over 106% volatility spike seen in 2021. Even the launch of spot Bitcoin ETFs in the US had a relatively muted long-term impact on volatility. 🚀📉

However, the increased selling pressure has trapped BTC's price below $70,000. 📉💰 The weekend price drop was influenced by high selling volumes from miners impacted by the third halving event, which cut the block rewards from 6.25 BTC to 3.125 BTC. 🏦💰

Despite a 4% hash rate decrease post-halving, strong mining competition has forced miners to optimize capital efficiency. This indicates strong competition in the mining sector, with businesses forced to find various revenue streams to stay profitable. 💼💰

So, BTC enthusiasts, keep your eyes on the prize and stay tuned for more updates! 🚀🎉